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Car insurance For Young Drivers

Everything you need to know about car insurance designed for newly qualified young drivers in Thailand.

What Is Young Driver Car Insurance?

Young drivers car insurance is a type of car insurance specifically designed for drivers aged 18 to 25. As a young driver, car insurance might be the last thing on your mind. After you’ve passed your driving test and graduated from a learner to a licenced driver, and most importantly, after you’ve purchased your first car, you’ll need to arrange car insurance. This ensures your road safety and compliance with the minimum legal requirements.

However, obtaining low-cost car insurance for young drivers can be difficult. Most insurers charge more premiums for young drivers, but there are ways you can save money on car insurance.

Key Points

  • Car insurance is a legal requirement, even for young drivers.
  • Younger drivers are considered to pose higher risks by insurance companies, which is why their car insurance premiums are typically higher.
  • Obtaining low-cost car insurance for young drivers can be difficult, but there are ways you can save money on car insurance.

Why Is Car Insurance For Young Driver More Expensive?

Since rates are calculated based on statistics and risk, if you’re under the age of 25, your car insurance premium will be more expensive. As a young driver, you’re unlikely to receive any no claims bonus to show that you’re a responsible driver. Furthermore, the lack of experience will raise the cost because, statistically, young drivers are more likely to be involved in minor accidents than older drivers.

Why Are Young Drivers Considered a High Risk?

Drivers aged 18 to 25 are likely to be involved in serious and minor accidents than mature drivers, which is why they are considered to pose higher risks than older drivers. Besides lack of experience, the following are some of the most common reasons why young drivers are involved in accidents and are considered high risk:

  • Speeding
  • Driving while intoxicated
  • Driving while feeling drowsy
  • Getting easily distracted
  • Failing to wear a seat belt
  • Being over-confident
  • Driving with other risk-takers in the car.

Older drivers are usually more cautious and are unlikely to do those things. Thus, they can enjoy lower premiums.

Although it may be seem unfiar to pay so much for young driver car insurance during your first few years on the road, but it is critical that you tell the truth when applying for insurance to avoid serious consequences.

What Types of Car Insurance Are Available For Young Drivers?

There are 3 types of cover young drivers can consider:

Third-Party Insurance (Type 3)
This is the most basic level of cover you need to be able to drive legally, it protects you against any damage you cause to another person’s vehicle/property or any injury you cause to someone else due to an accident.

Third-Party, Fire, and Theft Insurance (Type 2)
This gives you more coverage. You are also covered if your car is damaged by fire or stolen, in addition to the above protection.

Comprehensive Car Insurance (Type 1)
You will be covered as a driver in addition to third-party coverage, fire damage coverage, and theft coverage. You will also be compensated for any damages to your vehicle.

You can always tailor your car insurance policy to meet your needs and budget with addtional add ons.

How Can Young Drivers Get Cheaper Insurance?

Here are a few things to keep in mind if you want to get the best deals as a young driver.

Smaller car
Protection is less expensive to cover since small cars and small engines fall in lower insurance groups.

Improve car security
Installing an approved alarm or GPS tracker in your car, particularly if it is an older car, will get you a discount from certain insurers.

Avoid car modifications
Insurers can charge more if you improve the appearance or performance of your vehicle. Note that a simple, factory-standard car will be less expensive to insure.

Take driving classes
Building up a no-claims incentive takes time, but you can get a discount if you take a driving class and get some advanced driving certifications.

Add a secondary driver
If you have another driver that is more experienced than you, you can add them as a second driver to your policy, which may save you money. If you drive your parents’ vehicle, it could be more cost-effective for them to add you as an additional driver.

When Does Car Insurance Get Cheaper For Younger Drivers?

When a driver reaches the age of 25, car insurance typically becomes less expensive, though this varies depending on the insurance company. Some insurance companies are even beginning to offer lower premium rates to people under the age of 21. Even if you’re 21 or 25, your insurance premium will almost certainly be higher than that of an older, more experienced driver. Car insurance premiums decrease as you get older, but once you reach the age of 65 to 70, they begin to rise again.

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